Dollar falls on increased risk aversion
Submitted by admin on Fri, 02/26/2010 - 23:44.NEW YORK (Reuters) - The dollar fell on Friday against the euro and a basket of currencies, after an improvement in risk appetite of investors take short positions to reduce the euro on the last working day of the month .
The euro hit a session high after the Bloomberg news agency reported that Germany could buy bonds from the Greek debt by the lender KfW Group. On February 11, Reuters reported that Germany was considering using debt to KfW to buy Greek.
Inventories GDP boost U.S. existing homes sales fall
Submitted by admin on Fri, 02/26/2010 - 23:37.WASHINGTON (Reuters) - The U.S. economy grew slightly faster than initially thought in the fourth quarter, but a surprisingly large drop in home sales last month showed that there are still problem areas.
In its second reading on gross domestic product (GDP) of U.S. in the fourth quarter, the Commerce Department said the economy expanded at an annual rate of 5.9 percent instead of 5.7 percent reported in the advance estimate last month.
Analysts polled by Reuters had expected the data show no changes compared to the previous estimate.
U.S. new homes sales touch minimum, prices fall
Submitted by admin on Wed, 02/24/2010 - 23:35.WASHINGTON (Reuters) - Sales of new U.S. homes fell to a record low in January, according to a report released on Wednesday by the Government, while demand for mortgages hit a low of 13 last week, stoking fears of renewed weakness in the housing market.
The Commerce Department said sales fell 11.2 percent in January to 309,000 units, its lowest level since the start of records in January 1963 compared to an upward revision to the December figure of 348,000 units.
Bernanke says rates will stay down for long
Submitted by admin on Wed, 02/24/2010 - 23:23.WASHINGTON (Reuters) - The president of the U.S. Federal Reserve, Ben Bernanke told Congress on Wednesday that the weak job market and low inflation will probably allow the central bank kept interest rates very low for a long time.
In his first appearance in Congress after a disputed vote in the Senate over his confirmation last month, Bernanke offered a relatively bleak assessment on the U.S. economy, despite recent signs of strong growth.
Forecast Currencies, Thursday, 25 February 2010
Submitted by admin on Wed, 02/24/2010 - 21:29.Free Signals Sign In
EUR-USD
It should climb to 1.3611-1.3680 from 1.3522 or 1.3487.
USD-CHF
It should go to 1.0856. We can see the supports at 1.0775 or 1.0752.
GBP-USD
It should hold above 1.5398 or 1.5371 after which should rise above 1.5461. We should place the Stop loss below 1.5334.
USD-JPY
Should go to 90.25-90.41. The entry points would be 90.09 or 89.96.
USD-CAD
It should go to 1.0565 or 1.0583. We can see the supports at 1.0524 or 1.0500.
NZD-USD
Mexico removes channels to Cablevision and MVS, punishes TV Azteca
Submitted by admin on Wed, 02/24/2010 - 01:18.MEXICO DF, feb 23 (Reuters) - Mexico refused to grant an extension of a pair of channels to pay TV operators Cablevision and MVS, and TV Azteca fined for providing a telecommunications service without permission, the government said Tuesday.
Cablevision, owned by Televisa (TLVACPO.MX: Quote) (TV.N: Quote), may no longer operate the MVS channel 46 and asked for 52 because the extensions of their respective concessions out of time, said the Ministry of Communications and Transport (SCT).
Dollar falls vs yen and up against euro after U.S. consumer data
Submitted by admin on Tue, 02/23/2010 - 23:13.NEW YORK (Reuters) - The dollar fell against the yen Tuesday but rose against the euro after U.S. consumer confidence to contract a minimum of 10 months, beating the appetite for risk.
U.S. consumer confidence fell in February to its lowest level since April 2009, to worsen the outlook on the labor market, a report showed on Tuesday.
This prompted the dollar to fall back 1.0 percent on the day at 90.22 yen at close of trading in New York. The yen tends to benefit from declines in risk appetite, as investors abandoned the operations financed with the Japanese currency.
Forecast Currencies, Wednesday, 24 February 2010
Submitted by admin on Tue, 02/23/2010 - 22:03.Free Signals Sign In
EUR-USD
It should drop to 1.3439 if 1.3565-1.3599 resist. After which should go up to 1.3599 or 1.3634.
USD-CHF
It should go to 1.0801 or 1.0887 if 1.0778 offer support. We should place the Stop loss below 1.0754.
GBP-USD
It should climb to 1.5534-1.5646 from 1.5409 or 1.5353.
USD-JPY
It should fall to 90.07-89.66. If it rise , should face 90.07-91.04. We should place the stop loss above 91.85.
USD-CAD
Dollar rises vs. euro, eyes on Bernanke for clues
Submitted by admin on Tue, 02/23/2010 - 01:16.NEW YORK (Reuters) - The dollar rallied on Monday against the euro but slipped against the yen amid investor jitters about the financial problems in Europe and testimony before the U.S. Federal Reserve.
Dollar gains in addition to its rally last week after the Fed raised its discount rate to 0.75 percent from 0.50 percent. Investors, surprised by the time of change, saw it as a potential end to the regime of easy money that has hurt the dollar last year.
Forecast Currencies, Tuesday, 23 February 2010
Submitted by admin on Mon, 02/22/2010 - 22:24.Free Signals Sign In
EUR-USD
We can see resistance at 1.3625 and 1.3641. It should fall to 1.3562.
USD-CHF
You should go to the resistance 1.0763 after which should fall to 1.0738, after which a rebound is possible to 1.0787.
GBP-USD
It should climb to 1.5501-1.5524 after which should fall to 1.5436.
USD-JPY
It should not fall below 91.09-90.81. After which should go up to 91.53-91.69.
USD-CAD
It should go to 1.0478 after which should fall to 1.0387 or 1.0344.
NZD-USD